Business

Cortland Bancorp continues climb

Cortland Bancorp continued its upward trend on Tuesday, gaining an additional quarter on top of the 15 cents it gained on Monday to close at $25 per share. First Niles Financial saw no change, closing at $9.36 per share.

Real estate merger to take effect today

WARREN — Today marks a new beginning for Northwood Realty Services as it formally merges with Pittsburgh-based Berkshire Hathaway HomeServices The Preferred Realty. Steve Ferrebee, sales manager at Northwood’s Howland office, said the acquisition of the Berkshire Hathaway HomeServices The ...

Hollywood Gaming sees uptick in bets

AUSTINTOWN — Hollywood Gaming at Mahoning Valley Race Course last month outpaced wagering on its video lottery terminals from last year. Last month, the Austintown facility saw $102.1 million in credits played, up about $3 million over the same month last year when there were $99.1 ...

Local stocks mixed

Cortland Bancorp started the week on a positive note, gaining 15 cents in trading Monday to close at $24.75 per share. First Niles Financial saw no change, closing at $9.36 per share.

Business Briefs

• BURGAN REAL ESTATE ADDS AUCTIONS: Burgan Real Estate, a Youngstown-based real estate company, has launched Burgan Auctions, a new company that will conduct auctions for consumer or court-appointed listings in the area. The company will offer comprehensive moving services, including repairs ...

Ford assembles 10 millionth Mustang

FLAT ROCK, Mich. — Ford Motor Co. marked production of the 10 millionth Mustang with celebrations Wednesday at the automaker’s headquarters and at the Flat Rock Assembly Plant where the iconic sports car is made. A parade of Mustangs from 1964 to the present day rolled into the parking ...

Local stocks stand pat

Local bank stocks ended the week with no movement in trading Friday. Cortland Bancorp closed at $24.60 per share and First Niles Financial closed at $9.36 per share. Tribune Chronicle

Local stocks stand pat

After losing 80 cents earlier in the week, Cortland Bancorp held steady in trading Wednesday to close at $24.60 per share. First Niles Financial, which lost 44 cents in trading Tuesday, held steady Wednesday to close at $9.36 per share.

Business Briefs

• BANK SUPPORTS MINORITY BUSINESS DEVELOPMENT: Chemical Bank presented a $5,000 check to the Youngstown Business Incubator on July 24 for its Minority Business Assistance Center. The center serves small, minority and disadvantaged businesses in a variety of ways, including through ...

Fast food evolves around McDonald’s iconic sandwich

NEW YORK — McDonald’s is fighting to hold onto customers as the Big Mac turns 50, but it isn’t changing the makings of its most famous burger. The company is celebrating the 1968 national launch in the Pittsburgh area of the double-decker sandwich whose ingredients of “two all-beef ...

Tax Tip: Good time to review your rights

Whether it’s tax time or summertime, taxpayers have fundamental rights under the law when they interact with the IRS. The Taxpayer Bill of Rights presents these rights in 10 categories. Here is a wrap-up of these rights with links to more information about each right: • Right to be ...

Students create robots

CHAMPION — Fourteen local students from grades five through eight tinkered with the future Friday as the Ohio Youth Entrepreneurship Program’s robotics camp wrapped up after three days at the Trumbull Career and Technical Center. Students built, programmed and tried out their robots ...

Local bank stocks mixed again

After surging 95 cents a share on Thursday, Cortland Bancorp added another 85 cents in trading Friday to close at $25.40 per share. First Niles Financial remained at $9.80 per share for the fifth day in a row.

Local bank stocks mixed

After surging 70 cents in trading Tuesday, Cortland Bancorp lost 20 cents in trading Wednesday to close at $24.55 per share. First Niles Financial remained at $9.80 per share.

Local business at a glance

Arconic Inc. posts second-quarter results Arconic, Inc., the New York-based manufacturing firm with a location in Niles, posted its second quarter results Tuesday. The company reported revenue of $3.6 billion, a 10 percent jump from revenue in the second quarter of 2017. Net income dropped ...

Avalon stock rockets up

HOWLAND — After shares of locally-based Avalon Holdings Corp. stock jetted up in a five-day rally beginning last week, the company’s stock was lauded by one financial analyst as the “most talked about stock this weekend.” A filing late Friday showed that Bahamas-based MintBroker ...

First Niles Financial sees decrease in net income

NILES — First Niles Financial, Inc., the holding company for Home Federal Savings and Loan Association of Niles, released both second quarter and semi-annual net income Monday. The company posted a second quarter net income of $95,000, a 23.4 percent decrease from the $124,000 net income ...

Local bank stocks mixed

Cortland Bancorp lost 34 cents Monday to close trading at $24.05 per share. First Niles Financial, after gaining a nickel on Friday, remained at $9.80 per share.

‘We messed up HUGE’

NEW YORK — Erika Wasser and her staffers arrived for a big appointment — hair and makeup for a bridal party of 11 — to realize someone had goofed and the salon space they share in a Miami hotel wasn’t available that day. And the bride was expected in an hour. “We messed up HUGE,” ...

Protect against scammers

Knowledge is power, especially when it comes to avoiding tax scams. Here’s what taxpayers need to know to determine whether an encounter — in person, over the phone or by email — is an imposter or an actual IRS employee: The IRS does not: • Call to demand immediate payment using a ...